This time we have strong fundamental analysis that supports an upcoming bull run. KR's earnings report came out a couple days ago and were 31.72% greater than expected! However, stronger evidence on the technical side is needed to convince me of a good buy. I'll wait on bullish confirmation from the 12 period EMA and evidence of a turnaround from the MACD.
KOHL's certainly picked up a lot of attention reaching its high of $75 in late April. RSI is showing it oversold and MACD seems to be turning bullish. If it crosses over the 12 period EMA, this could be even better confirmation of a possible turnaround.
Over the next few hours, I'm looking for a breakout of 5%, whether it be bullish or bearish (however, indicators say bullish is more likely). Bollinger bands giving a pretty strong signal for a big change in price coming soon. Ichimoku cloud is also giving us a good signal for the bullish trend continuing.
I've had a very exciting find today... EOS is looking to be a very good long investment over the next few months. If and only if it can hold lower support level then we should be in for a bull market. To further show a trend reversal, Bollinger Bands have been contricting, indicating future volatility. I would start looking at future resistance levels such as 100...
I'm trading LTC/BTC on binance right now and believe there are two critical support/resistance levels. The price has been showing pretty strong reactions to these bands and have responded extremely well. I'm expecting a 4th time considering that it has just hit Bollinger Band's 21 MA and did not break through (good sign). Ichimoku cloud is also giving us great...
Ethereum's price action looks to be bottoming out at a psychological support of $430. Heiken ashi is showing a possible trend reversal in the next few hours. While from our oscillators we have a divergence from MACD and a much stronger one from RSI. Bollinger Bands are also showing a weakening trend by price consistently failing to hit lower band. We very well...
One way to trade with MACD is by drawing support and resistance levels to help identify a trend change once said level is hit. Take a look at the daily chart of bitcoin against MACD. Since the beginning of 2018, BTC/USD's MACD has been trading under a resistance of 425. And it is sitting right on resistance. This is scary considering this level has been tested a...
I am quite new to trading. I began learning about bull flags yesterday and I think that we are currently trading in one. Are we? If so, we now know where the price goes, a breakout will follow. Please help me by critiquing my line placement and by maybe changing out some of the indicators I have for ones that better suit my situation. Thank you very much and I...
